Alex, age 26, purchased a 20-payment whole life insurance policy. After Alex has made 20 premium payments, his life insurance policy is considered
A) matured.
B) reduced.
C) expired.
D) paid-up.
Answer: D
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________ is a major entry barrier where industry leaders convince potential competitors that any market entry effort will be countered with vigorous and unpleasant responses
A) Corporate narcissism B) Brinkmanship C) Gamesmanship D) Chaotics
Prospects can be qualified by looking at all of the following characteristics EXCEPT ________
A) occupational mobility B) financial ability C) volume of business D) location E) possibilities for growth
Assume that the custodian of a $450 petty cash fund has $65 in coins and currency plus $382 in receipts at the end of the month. The entry to replenish the petty cash fund will include:
A. A debit to Cash for $382. B. A credit to Cash for $385. C. A credit to Cash Over and Short for $3. D. A debit to Cash for $450. E. A debit to Petty Cash for $385.
A lease is a contractual agreement between a lessor and a lessee that grants the lessee the right to use the asset for a period of time in return for cash payment(s) to the lessor.
Answer the following statement true (T) or false (F)